Csenge Advisory Group Sells 18,579 Shares of Mplx Lp $MPLX

Csenge Advisory Group trimmed its position in shares of Mplx Lp (NYSE:MPLX) by 68.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,692 shares of the pipeline company’s stock after selling 18,579 shares during the period. Csenge Advisory Group’s holdings in Mplx were worth $464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Solstein Capital LLC purchased a new stake in Mplx in the third quarter worth approximately $25,000. EQ Wealth Advisors LLC purchased a new stake in Mplx in the fourth quarter worth approximately $32,000. Wiser Advisor Group LLC purchased a new stake in Mplx in the third quarter worth approximately $38,000. Root Financial Partners LLC purchased a new stake in Mplx in the third quarter worth approximately $39,000. Finally, Groesbeck Investment Management Corp NJ purchased a new stake in Mplx in the fourth quarter worth approximately $49,000. 24.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MPLX shares. Truist Financial dropped their target price on shares of Mplx from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Stifel Nicolaus raised their target price on shares of Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Wells Fargo & Company dropped their price target on shares of Mplx from $63.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. UBS Group lifted their price target on shares of Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Morgan Stanley dropped their price target on shares of Mplx from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mplx currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

Mplx Trading Up 0.2%

Shares of Mplx stock opened at $55.55 on Friday. The company’s fifty day simple moving average is $56.29 and its 200-day simple moving average is $55.42. The stock has a market capitalization of $56.37 billion, a PE ratio of 12.02, a P/E/G ratio of 5.26 and a beta of 0.49. Mplx Lp has a 1-year low of $47.80 and a 1-year high of $59.98. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.10 and a quick ratio of 1.05.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.15). The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, equities analysts anticipate that Mplx Lp will post 4.27 earnings per share for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a dividend of $1.0765 per share. This represents a $4.31 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Friday, May 8th. Mplx’s dividend payout ratio (DPR) is presently 93.29%.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.